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Reading: KSE index suffers its worst decline in 9 months
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PhotoNews Pakistan > Business > KSE index suffers its worst decline in 9 months
Business

KSE index suffers its worst decline in 9 months

Web Desk
By Web Desk Published August 5, 2014 1 Min Read
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Stocks suffered heavy declines on Monday with the KSE-100 index posting a loss of 666 points, its worst fall in over nine months.

Brokers and analysts said individuals and mutual funds raced to the exit door on fears over the uncertain political situation leading to Aug 14’s protest march.

As panic gripped the market, the benchmark index initially dived 878 points, representing the biggest single day decline.

However, foreign funds came to the rescue with a huge net purchase of $15.91m worth stocks.

It closed at 29,648 points. Well below the 30k barrier.

 

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